The quantity, Q, of a certain product manufactured depends on the quantity of labor, L, and of capital, K, used according to the function Q = 900L1/2K2/3. Labor costs $100 per unit and capital costs $200 per unit. What combination of labor and capital should be used to produce 36,000 units of the goods at minimum cost? (Round your answers to the nearest whole number.) K= L =
What is that minimum cost? (Round your answer to the nearest whole number.)
